Breakeven Stop
Moving your stop loss to your entry price once a trade has moved in your favor, so the worst case becomes roughly a scratch.
What it is
Going 'breakeven' means relocating the stop to (or a tick past) your entry after price travels a defined distance in your favor, commonly 0.7R to 1R. From that point the worst outcome is roughly zero instead of a full loss.
Why it matters
Moved at the right point, a breakeven stop keeps a trade that was working from turning into a full loss. Moved too early, it takes you out on normal pullbacks. The trigger distance is a rule to write into your plan, not something to decide in the moment.
NQ example ILLUSTRATION
Long at 15,250 with a 35-point stop; at +25 points (0.7R) the stop moves to 15,250.5. The trade later reverses hard and closes as a scratch instead of a $700 loss per NQ contract.